China Yuchai International (NYSE:CYD) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• China Yuchai International's stock price recently crossed above its 200-day moving average, moving from a low of $18.71 to a current trading price of $28.34.
• The company announced an increase in its annual dividend to $0.53 per share, up from $0.38, representing a dividend yield of 430.0%.
• Significant institutional investment activity occurred, with multiple hedge funds acquiring new positions in China Yuchai International during recent quarters.

China Yuchai International Limited (NYSE:CYD - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.71 and traded as high as $29.00. China Yuchai International shares last traded at $28.34, with a volume of 445,026 shares.

China Yuchai International Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 1.20. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 17.57 and a beta of 1.07. The firm has a fifty day simple moving average of $23.46 and a two-hundred day simple moving average of $18.91.

China Yuchai International Increases Dividend

The firm also recently declared an annual dividend, which was paid on Monday, July 7th. Shareholders of record on Wednesday, June 25th were issued a $0.53 dividend. This is a boost from China Yuchai International's previous annual dividend of $0.38. This represents a yield of 430.0%. The ex-dividend date of this dividend was Wednesday, June 25th. China Yuchai International's dividend payout ratio is 32.72%.

Institutional Investors Weigh In On China Yuchai International

Institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in shares of China Yuchai International during the second quarter worth about $48,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of China Yuchai International during the second quarter worth about $144,000. Public Employees Retirement System of Ohio lifted its holdings in shares of China Yuchai International by 136.0% during the second quarter. Public Employees Retirement System of Ohio now owns 16,609 shares of the company's stock worth $397,000 after purchasing an additional 9,572 shares during the period. Millennium Management LLC lifted its holdings in shares of China Yuchai International by 42.2% during the fourth quarter. Millennium Management LLC now owns 47,263 shares of the company's stock worth $450,000 after purchasing an additional 14,030 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of China Yuchai International during the first quarter worth about $258,000.

China Yuchai International Company Profile

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People's Republic of China and internationally.